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Idle Chatter Google Ditches Print Layoffs Aplenty

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by Jeff Bercovici
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Jan 21 2009 8:48am EDT

Idle Chatter: Google Ditches Print; Layoffs Aplenty

-Google is ending a two-year-old program through which it sold ad space in newspapers, saying it fell short of expectations. It's a bad sign: If Google can't make money on print, how can newspaper companies? [PaidContent]

-Layoff watch, part one: Radio behemoth Clear Channel is eliminating 1,850 jobs, roughly 9 percent of its total. [AP]

-Layoff watch, part two: Warner Bros. is shedding 800 employees, about 10 percent of its workforce. [Variety]

-U.S. internet traffic hit its highest-ever level yesterday as President Obama was beginning his inauguration speech. [NYT]

-Source Interlink, a periodical distribution company owned by Ron Burkle, is joining Anderson News in levying a new fee of 7 cents per copy on magazine publishers. If the two companies don't back down, publishers stand to lose a lot of money. [NYP]. □

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